StockMarketWire.com - Insurance company Prudential said its Asian asset management business, Eastspring Investments, had agreed to acquire a controlling stake in Thailand's Thanachart Fund Management, for an undisclosed sum.
The non-binding memorandum of understanding with Thanachart Bank was expected to be upgraded to a definitive agreement by the end of the year, Prudential said.
The deal would be subject to local regulatory approvals, it noted.
At 10:05am: [LON:PRU] Prudential PLC share price was -16.75p at 1514.25p
Story provided by StockMarketWire.com
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